CHINA BUYS AT LEAST 10 MORE CARGOES OF US SOYBEANS, TRADERS SAY

China has purchased at least 10 more cargoes of US soybeans, according to three Asian traders, in a move that comes ahead of President Xi Jinping's expected visit to the US next month. This latest purchase follows trade talks between Washington and Beijing, which included commitments from China to buy a significant amount of US soybeans. The state-run buyer Sinograin was involved in the purchase, which was made on Wednesday.

The purchased cargoes are for shipment in October and November, with at least 10 cargoes scheduled for these months, according to one trader. The exact number of cargoes purchased ranges from 10 to 15, with the deals being part of China's commitment to buy 25 million tons of US soybeans, as stated by the White House. The traders shared this information on Thursday, highlighting the ongoing trade relations between the US and China.

This purchase is significant as it indicates a continuation of trade between the US and China, despite ongoing tensions. The related sources do not directly add to the information about the soybean purchase but provide context on other US-China relations and economic topics.

• China bought at least 10 more cargoes of US soybeans
• The purchase was made by state-run buyer Sinograin on Wednesday
• The cargoes are for shipment in October and November

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